# TheRealReal, Inc. (REAL) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from TheRealReal, Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/REAL/mda/fy2025/): filed 2026-02-26; accession 0001573221-26-000010 (https://www.sec.gov/Archives/edgar/data/1573221/000157322126000010/real-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/REAL/mda/fy2024/): filed 2025-02-21; accession 0001573221-25-000013 (https://www.sec.gov/Archives/edgar/data/1573221/000157322125000013/real-20241231.htm)
- [FY 2023 MD&A](/company/REAL/mda/fy2023/): filed 2024-03-01; accession 0001573221-24-000030 (https://www.sec.gov/Archives/edgar/data/1573221/000157322124000030/real-20231231.htm)
- [FY 2022 MD&A](/company/REAL/mda/fy2022/): filed 2023-02-28; accession 0001573221-23-000022 (https://www.sec.gov/Archives/edgar/data/1573221/000157322123000022/real-20221231.htm)
- [FY 2021 MD&A](/company/REAL/mda/fy2021/): filed 2022-02-28; accession 0001573221-22-000041 (https://www.sec.gov/Archives/edgar/data/1573221/000157322122000041/real-20211231.htm)

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